Since mid-February, XRP was trading inside a falling wedge pattern after dropping from resistance near $0.65. The cryptocurrency tried to break above the upper limit of this wedge in the very first fortnight of March however stopped working to conquer resistance at $0.5.
As an outcome, XRP went on to drop additional straight into support at the 100-day EMA prior to bouncing greater. This week, XRP showed signs of a bullish breakout after lastly managing to trade above the wedge pattern. However, it failed in closing a day-to-day candle light above it.
The real breakout came today as XRP rose greater from $0.45, going beyond above $0.5 to reach the present $0.52 trading level. An everyday price boost of over 10%.